HERBAL EXTRACT MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

The global herbal extract market has been gaining significant traction over the past few years due to the increasing consumer awareness about the health benefits of herbal extracts. Herbal extracts are concentrated forms of plants that are prepared by removing the active compounds and esssential constituents from herbs. They are known to provide several health-promoting properties including anti-inflammatory, antioxidant and anti-microbial effects. The rising preference for natural remedies over synthetic drugs for various health conditions like headaches, indigestion, stress etc. is pushing the demand for herbal extracts significantly. Moreover, the growth of functional food and beverage industry utilizing herbal extracts is also supporting the market expansion.

Market Dynamics:

The global herbal extract market is driven by the increasing health-consciousness among consumers and growing popularity of herbal medicines. However, pricing pressures owing to high production costs and lack of standardized regulations for herbal products across various countries are restricting the market growth. On the positive side, ongoing research activities to identify new applications of herbal extracts in cosmetics, pharmaceuticals and agrochemicals industries are expected to create new profitable opportunities for players in this market over the coming years. Moreover, growing urbanization and rising disposable income levels in developing regions are augmenting the demand for herbal extracts from functional food and beverage producers. The demand for natural health supplements has been steadily rising in the past few years. Consumers are becoming increasingly health conscious and prefer consuming natural products to maintain overall wellness. Herbal extracts are commonly used in dietary supplements due to their high nutritional and medicinal properties.

Key features of the study:

• This report provides in-depth analysis of the global herbal extract market, and provides market size (US$ Bn ) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global herbal extract market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Botanic Healthcare, VIDYA HERBS Pvt. Ltd, Allicin Pharm, HerbalHills, Acara bioherb PVt. LTD., Pioneer Enterprises (I) Private Limited, Sydler India Pvt. Ltd, Herbal Creations, Alpspure Lifesciences Private Limited, IDOBIO CO., LTD., Döhler GMB, MartinBauer.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global herbal extract market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global herbal extract market.

Detailed Segmentation

• Herbal Extract Market, By Type:
• Turmeric
• Rosemary
• Ginseng
• Aloe
• Nutmeg
• Sage
• Garlic
• Cranberry
• Saw Palmetto
• Cumin
• Lecithin
• Valerian
• Cherry
• Pygeum Africanum
• Beet Root
• Olive Leaf
• Holy Basil
• Elder Berry
• Horehound
• Lycium
• Ginger
• Orange
• Cinnamon
• Green Tea
• Flax
• Curcumin
• Fenugreek Seed
• Capsaicin
• Anise
• Ashwagandha
• Kale
• Herbal Extract Market, By Application:
• • Personal Care & Cosmetics
  • Food & Beverages
  • Animal Feed
  • Pharmaceuticals
  • Nutraceuticals
• Herbal Extract Market, By Regional:
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
  • Asia Pacific
    • China
    • India
    • Japan
    • Malaysia
    • Vietnam
  • Central & South America
    • Brazil
    • Argentina
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
• Top Companies in Herbal Extract Market:
  • Botanic Healthcare,
  • VIDYA HERBS Pvt. Ltd,
  • Allicin Pharm,
  • HerbalHills,
  • Acara bioherb PVt. LTD.,
  • Pioneer Enterprises (I) Private Limited,
  • Sydler India Pvt. Ltd,
  • Herbal Creations,
  • Alpspure Lifesciences Private Limited,
  • IDOBIO CO., LTD.,
  • Dohler GMB,